Monday, October 5, 2009

Full moon effect - Nifty down 80 points.

Today(5-10-09) Nifty opened at 5011 with a loss of 72 points and after moving in the range 5050 - 4992 closed at 5003 with a loss of 80 points. As pointed out earlier, the high - low difference in Nifty futures was less than 92 points for the last one month. Today's range was 5054 - 4995 having a difference of 59 points only. Hence, the effect of full moon was a reduced 80 points loss only. Tomorrow's Agni level is at 5087 and Nifty is unlikely to cross that level.

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